Golub Capital BDC (NASDAQ:GBDC) Price Target Cut to $14.00 by Analysts at Wells Fargo & Company

Golub Capital BDC (NASDAQ:GBDC - Free Report) had its price target cut by Wells Fargo & Company from $15.00 to $14.00 in a research report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the investment management company's stock.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Golub Capital BDC presently has an average rating of "Hold" and a consensus target price of $15.50.

Golub Capital BDC Trading Up 1.9 %

Golub Capital BDC stock traded up $0.27 during midday trading on Monday, reaching $14.33. The stock had a trading volume of 1,098,533 shares, compared to its average volume of 1,427,318. The stock's 50-day simple moving average is $14.57 and its 200 day simple moving average is $15.10. Golub Capital BDC has a twelve month low of $12.68 and a twelve month high of $17.12. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The stock has a market capitalization of $3.80 billion, a PE ratio of 10.38 and a beta of 0.33.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. Analysts expect that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.89%. Golub Capital BDC's payout ratio is currently 113.04%.

Institutional Investors Weigh In On Golub Capital BDC

A number of large investors have recently added to or reduced their stakes in GBDC. Van ECK Associates Corp increased its position in shares of Golub Capital BDC by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company's stock worth $68,555,000 after acquiring an additional 533,895 shares during the last quarter. Sound Income Strategies LLC grew its stake in Golub Capital BDC by 4.2% during the 1st quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company's stock valued at $48,203,000 after purchasing an additional 128,457 shares in the last quarter. Sage Mountain Advisors LLC increased its holdings in Golub Capital BDC by 9.4% during the 1st quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company's stock worth $41,575,000 after purchasing an additional 236,613 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Golub Capital BDC by 2.1% in the 4th quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company's stock valued at $36,169,000 after purchasing an additional 49,519 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Golub Capital BDC by 77.8% during the 4th quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after buying an additional 968,525 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.